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Also traded in: Canada, Germany, Switzerland, UK

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry
vs
history
Cash-to-Debt N/A
NYSE:AG's Cash-to-Debt is ranked higher than
54% of the 1545 Companies
in the Global Silver industry.

( Industry Median: 33.73 vs. NYSE:AG: N/A )
Ranked among companies with meaningful Cash-to-Debt only.
NYSE:AG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.52  Med: 5.07 Max: No Debt
Current: N/A
Equity-to-Asset 0.73
NYSE:AG's Equity-to-Asset is ranked higher than
70% of the 726 Companies
in the Global Silver industry.

( Industry Median: 0.59 vs. NYSE:AG: 0.73 )
Ranked among companies with meaningful Equity-to-Asset only.
NYSE:AG' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.48  Med: 0.73 Max: 0.93
Current: 0.73
0.48
0.93
Piotroski F-Score: 8
Altman Z-Score: 3.89
Beneish M-Score: -84.76
WACC vs ROIC
21.73%
4.44%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating Margin % 9.13
NYSE:AG's Operating Margin % is ranked higher than
67% of the 750 Companies
in the Global Silver industry.

( Industry Median: 2.80 vs. NYSE:AG: 9.13 )
Ranked among companies with meaningful Operating Margin % only.
NYSE:AG' s Operating Margin % Range Over the Past 10 Years
Min: -54.87  Med: 8.28 Max: 56.95
Current: 9.13
-54.87
56.95
Net Margin % 6.64
NYSE:AG's Net Margin % is ranked higher than
67% of the 753 Companies
in the Global Silver industry.

( Industry Median: 1.82 vs. NYSE:AG: 6.64 )
Ranked among companies with meaningful Net Margin % only.
NYSE:AG' s Net Margin % Range Over the Past 10 Years
Min: -49.41  Med: -4.26 Max: 42.19
Current: 6.64
-49.41
42.19
ROE % 4.01
NYSE:AG's ROE % is ranked higher than
75% of the 1383 Companies
in the Global Silver industry.

( Industry Median: -8.22 vs. NYSE:AG: 4.01 )
Ranked among companies with meaningful ROE % only.
NYSE:AG' s ROE % Range Over the Past 10 Years
Min: -22.07  Med: -1.11 Max: 37.07
Current: 4.01
-22.07
37.07
ROA % 2.82
NYSE:AG's ROA % is ranked higher than
78% of the 1570 Companies
in the Global Silver industry.

( Industry Median: -7.95 vs. NYSE:AG: 2.82 )
Ranked among companies with meaningful ROA % only.
NYSE:AG' s ROA % Range Over the Past 10 Years
Min: -15.08  Med: -0.72 Max: 29.72
Current: 2.82
-15.08
29.72
ROC (Joel Greenblatt) % 3.92
NYSE:AG's ROC (Joel Greenblatt) % is ranked higher than
72% of the 1486 Companies
in the Global Silver industry.

( Industry Median: -12.15 vs. NYSE:AG: 3.92 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
NYSE:AG' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -20.5  Med: 3.34 Max: 54.9
Current: 3.92
-20.5
54.9
3-Year Revenue Growth Rate -0.40
NYSE:AG's 3-Year Revenue Growth Rate is ranked higher than
55% of the 643 Companies
in the Global Silver industry.

( Industry Median: -2.60 vs. NYSE:AG: -0.40 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
NYSE:AG' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: 0  Med: 2.4 Max: 146.5
Current: -0.4
0
146.5
3-Year EBITDA Growth Rate 10.10
NYSE:AG's 3-Year EBITDA Growth Rate is ranked higher than
75% of the 1153 Companies
in the Global Silver industry.

( Industry Median: -14.50 vs. NYSE:AG: 10.10 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
NYSE:AG' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: 6.4  Med: 72.35 Max: 494.8
Current: 10.1
6.4
494.8
GuruFocus has detected 2 Warning Signs with First Majestic Silver Corp $NYSE:AG.
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Business Description

Industry: Metals & Mining » Silver    NAICS: 212222    SIC: 614
Compare:NAS:SSRI, NYSE:CDE, AMEX:MAG, NYSE:FSM, NYSE:HL, AMEX:SVM, NYSE:EXK, NAS:PAAS, AMEX:USAS, OTCPK:MISVF, OTCPK:MLYCF, OTCPK:LBSV, OTCPK:SLVRF, OTCPK:SZSMF, OTCPK:DOLLF, NYSE:TAHO, OTCPK:TUMIF, NYSE:WPM » details
Traded in other countries:FR.Canada, FMV.Germany, FMS.Switzerland, 0QYC.UK,
Headquarter Location:Canada
First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver projects in Mexico.

First Majestic is a mining company focused on silver production. The company owns and operates six producing silver mines which are La Parrilla Silver Mine, San Martin Silver Mine, La Encantada Silver Mine, La Guitarra Silver Mine, Del Toro Silver Mine and the Santa Elena Silver Mine. Business activity of the group is functioned through eight segments of which six segments located in Mexico, one Retail market segment in Canada and one Metal trading segment in Europe. Its segments in Mexico are Santa Elena, La Encantada, La Parrilla, Del Toro, San Martin and La Guitarra and segment in Canada is Coins and Bullion Sales, and Europe is Silver Sales. The company derives most of the revenue from the sale of coins, ingots, bullion and precious metals.

Top Ranked Articles about First Majestic Silver Corp

First Majestic to Resume Operations at La Encantada
First Majestic Announces Voting Results from Annual General Meeting
First Majestic Announce illegal Blockade at La Encantada
First Majestic Achieves New Record in Silver Production; Produces 4.5 Million Silver Eqv. Ounces in Third Quarter

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct 13, 2016) - First Majestic Silver Corp. ("First Majestic" or the "Company") (NYSE:NYSE:AG)(TSX:FR)(FRANKFURT:FMV)(BVM:AG) is pleased to announce that total production in the third quarter of 2016 from its six operating silver mines reached 4.5 million silver equivalent ounces. Total production consisted of 3.1 million ounces of silver, 14,452 ounces of gold, 8.0 million pounds of lead and 1.5 million pounds of zinc. "Higher silver grades, throughput rates and recoveries propelled silver production to a new Company record of over 3.1 million ounces during the quarter," said Keith Neumeyer, President & CEO. "We saw significant grade improvements, particularly at Santa Elena, La Guitarra and San Martin, as a result of improved mine sequencing and dilution control. Due to the improved operational cash flows, we've significantly expanded our exploration programs resulting in 19 drill rigs currently active on our properties which will allow us to release updated Reserve and Resource estimates for Del Toro, La Parrilla and San Martin in the first quarter of 2017. At La Encantada, detailed engineering has been completed and furnace manufacturing has started for the construction of our new roasting circuit planned for final completion in the fourth quarter of 2017." Production Details Table:











Q3

2016
Q3

2015
Y/Y

Change
Q2

2016
Q/Q

Change


Ore processed/tonnes milled
838,233
675,032
24%
798,182
5%


Total production - ounces of silver equivalent
4,524,619
3,558,035
27%
4,681,608
-3%


Total silver ounces produced
3,114,627
2,593,309
20%
2,844,930
9%


Silver grade (g/t)
150
167
-10%
148
1%


Silver recovery (%)
77
72
7%
75
3%


Pounds of lead produced
8,038,206
8,743,453
-8%
8,825,234
-9%


Pounds of zinc produced
1,519,143
3,122,498
-51%
3,837,301
-60%


Gold ounces produced
14,452
4,434
226%
16,371
-12%











Quarterly Operational Review: Total ore processed during the quarter at the Company's six operating silver mines: Santa Elena, La Encantada, La Parrilla, Del Toro, San Martin and La Guitarra, amounted to 838,233 tonnes, reflecting a 5% increase compared to the previous quarter. In the month of August, processing rates at Del Toro, La Parrilla, San Martin and La Guitarra were affected by the heavy seasonal rains causing temporary clogging of ore in the crushing areas. Average silver grades in the quarter increased to 150 g/t compared to 148 g/t in the previous quarter. Higher silver grades were achieved at Santa Elena, La Guitarra and San Martin due to improved mine sequencing and dilution control - however, offset by lower grades at La Encantada due to the blending of ore from old stopes, stockpiles and the recovery of pillars. Combined silver recoveries averaged 77%, representing a 3% increase compared to the previous quarter. La Encantada, Del Toro, La Guitarra and Santa Elena all achieved higher silver recoveries during the quarter. Furthermore, silver recoveries at Santa Elena achieved a new operating record of 91% primarily due to the higher silver grades being mined from underground. The Company's underground development in the third quarter consisted of 12,764 metres, reflecting a 9% increase compared to 11,738 metres completed in the previous quarter. The Company also completed 36,290 metres of diamond drilling in the quarter compared to 19,342 metres in the prior quarter, representing an 88% increase. A substantial portion of the current drilling and development is for the purpose of updating Mineral Reserves and Resources at Del Toro, La Parrilla and San Martin. Updated NI 43-101 Technical Reports for each of these three mining units are expected to be released in the first quarter of 2017. Mine by Mine Quarterly Production Table:














Mine
Ore

Processed
Tonnes

per Day
Silver

Grade

(g/t)
Silver

Recovery

%
Silver Oz

Produced
Gold Oz

Produced
Pounds

of Lead
Pounds

of Zinc
Equivalent

Silver

Ounces


Santa Elena
241,996
2,630
95
91%
671,423
11,156
-
-
1,430,506


La Encantada
247,858
2,694
145
59%
685,478
35
-
-
687,841


La Parrilla
147,414
1,602
146
79%
547,913
296
2,129,908
1,519,143
739,026


Del Toro
86,646
942
195
82%
446,137
81
5,908,297
-
707,524


San Martin
75,228
818
246
84%
500,441
907
-
-
562,096


La Guitarra
39,092
425
252
83%
263,235
1,977
-
-
397,627


Total
838,233
9,111
150
77%
3,114,627
14,452
8,038,206
1,519,143
4,524,619









* Certain amounts shown in this news release may not add exactly to the total amount due to rounding differences.


* The following prices were used in the calculation of silver equivalent ounces: Silver: $19.61 per ounce; Gold: $1,334 per ounce; Lead: $0.85 per pound; Zinc: $1.02 per pound.






At the Santa Elena Gold/Silver Mine:

During the quarter, Santa Elena produced 671,423 ounces of silver and 11,156 ounces of gold for a total production of 1,430,506 silver equivalent ounces. Compared to the previous quarter, silver production increased 11% primarily due to an increase in grade and tonnage mined from the high grade Alejandra vein.
During the quarter, the Company modified the production split between underground ore and the reprocessing of ore from the heap leach pad due to achieving higher production rates from the Alejandra vein. As a result, production of underground ore increased to a rate of 1,750 tpd while reducing heap leach production to 1,000 tpd. This improved run rate is expected to increase production due to the higher grades and recoveries of underground ore.
The mill processed a total of 241,996 tonnes, consisting of 155,552 tonnes of underground ore and 86,444 tonnes from the above ground heap leach pad.
Silver and gold grades of underground ore averaged 124 g/t and 2.0 g/t, respectively. Whereas silver and gold grades from the above ground heap leach pad averaged 43 g/t and 0.7 g/t, respectively.
At the end of the quarter, total development of the new San Salvador ramp reached 1,070 metres, or 47% of a 2,300 metre development plan. The new ramp will connect to the Main Vein along level 575 by April 2017. Once the ramp is completed, it is expected to improve underground productivity by reducing trucking bottlenecks.
A total of 2,444 metres of underground development were completed in the third quarter compared to 2,931 metres of development in the previous quarter.
A total of 3,520 metres of exploration drilling was completed in the third quarter compared to 3,509 metres of drilling in the previous quarter. In October, the Company is expected to begin a 3,000 metre surface drilling program on the Ermitaño West property. Assay results from the drill program are expected to be completed by the end of the fourth quarter.

At the La Encantada Silver Mine:

For the quarter, silver production reached 685,478 ounces representing a 10% increase over the previous quarter. The increase in production was primarily due to a 19% increase in tonnes milled offset by lower silver grades.
Silver grades averaged 145 g/t during the quarter, or a 14% decrease compared to the prior quarter primarily due to the blending of ore from old stopes, stockpiles and the recovery of pillars.
The roasting project advanced in the third quarter with the completion of the detailed engineering design of this new circuit. Site preparations and civil work are planned to start in the fourth quarter. The Company continues to anticipate completion of this circuit in the fourth quarter of 2017. Once in full production, the Company expects to recover an additional 1.5 million ounces of silver per year from the reprocessing of above ground tailings.
A total of 519 metres of underground development were completed in the third quarter compared to 1,043 metres of development in the previous quarter. The decrease in development was primarily due to limited ventilation.
A total of 3,681 metres were drilled in the third quarter, representing a 20% increase compared to 3,062 metres in the previous quarter.

At the La Parrilla Silver Mine:

During the quarter, the flotation circuit processed 93,686 tonnes (1,018 tpd) with an average silver grade of 158 g/t and an 84% recovery while the cyanidation circuit processed 53,727 tonnes (584 tpd) with an average silver grade of 125 g/t and a 69% recovery for total production of 739,026 silver equivalent ounces.
The Company is modifying the processing rates of oxides and sulphides in order to accommodate for higher production rates from the San Marcos mine along with lower sulphide base metal grades. Milling rates of oxide ore is increasing to 700 tpd (up from 500 tpd) along with a reduction of sulphide ore to 1,000 tpd (down from 1,200 tpd). The increase in oxide production is expected to improve the mill head grades and increase production of silver doré bars.
The lead circuit processed an average lead grade of 1.3% with recoveries of 78% for total lead production of 2.1 million pounds, representing a 26% decrease compared to the previous quarter. The decrease in lead production was primarily attributed to an 18% decrease in processed ore due to the recent mill modifications.
The zinc circuit processed an average zinc grade of 1.4% with recoveries of 53% for total zinc production of 1.5 million pounds, representing a 60% decrease compared to the previous quarter. The decrease in zinc production was primarily due to the lower circuit throughput and a 24% decrease in zinc grades.
Underground development completed in the quarter totaled 2,612 metres compared to 1,834 metres developed in the previous quarter.
A total of 5,115 metres were drilled in the third quarter, representing a 69% increase compared to 3,030 metres in the previous quarter.

At the Del Toro Silver Mine:

For the quarter, Del Toro produced a total of 707,524 silver equivalent ounces representing a 4% increase in production compared to the prior quarter primarily due to higher throughput rates.
Throughput rates were 7% higher compared to the previous quarter due to an increase in underground development in the San Juan and Perseverancia mines.
Silver grades and recoveries improved during the quarter, averaging 195 g/t and 82%, respectively.
Lead grades and recoveries averaged 5.0% and 66%, respectively, producing a total of 5.9 million pounds of lead, consistent with the previous quarter.
Underground development completed in the quarter totaled 2,328 metres compared with 1,754 metres developed in the previous quarter.
Total exploration metres drilled in the quarter amounted to 6,643 metres, representing a 101% increase compared to 3,306 metres drilled in the previous quarter.

At the San Martin Silver Mine:

During the quarter, San Martin produced 500,441 ounces of silver and 907 ounces of gold for a total production of 562,096 silver equivalent ounces. Silver production increased 22% compared to the prior quarter primarily due to a 12% increase in silver grade and an 8% increase in tonnes milled.
Silver grades and recoveries averaged 246 g/t and 84%, respectively, during the quarter. In addition, gold grades and recoveries averaged 0.4 g/t and 85%, respectively. The higher silver grades were primarily the result of higher production rates from the Rosarios and Veladora veins.
Detailed engineering work for the installation of the tailings filter presses were completed during the quarter. Ground preparations including the installation of the foundations are expected to begin in late October. The filter presses, which are designed to recover and re-use solution and to save on water consumption, are expected to be installed and undergo testing in the first quarter of 2017.
Following successful lab tests, the Company is planning to install oxygen injectors and lead nitrate into the processing leach tanks over the next six months. Lab results indicate the potential for a 2% increase in metallurgical recoveries by using these reagents.
Underground development completed in the third quarter totaled 2,807 metres compared with 2,524 metres of development in the previous quarter.
Total metres drilled in the third quarter amounted to 7,817 metres, representing an 89% increase compared to 4,137 metres of drilling in the previous quarter.

At the La Guitarra Silver Mine:

During the quarter, La Guitarra produced 263,235 ounces of silver and 1,977 ounces of gold for a total production of 397,627 silver equivalent ounces. Silver production increased 28% compared to the previous quarter primarily due to an 11% increase in silver grades and a 12% increase in tonnes milled.
Silver grades and recoveries improved during the quarter, averaging 252 g/t and 83%, respectively. In addition, gold grades and recoveries averaged 2.0 g/t and 78%, respectively.
Approximately 31% of the production ore came from the Coloso area and the remaining 69% was extracted from the La Guitarra area.
During the quarter, underground development continued to advance towards the Soledad 1 and 2 veins. These high-grade parallel veins were recently discovered following successful exploration from both underground and surface drilling. The Soledad veins are approximately 150 metres SW from the recently intersected Nazareno vein.
A total of 2,055 metres of development were completed in the third quarter compared to 1,652 metres of development in the previous quarter.
Total metres drilled in the quarter amounted to 9,515 metres, representing a 314% increase compared to 2,298 metres drilled in the previous quarter. The increase in exploration drilling is in preparation of the upcoming mine expansion to 1,000 tpd.

First Majestic is a mining company focused on silver production in México and is aggressively pursuing the development of its existing mineral property assets and the pursuit through acquisition of additional mineral assets which contribute to the Company achieving its corporate growth objectives. FIRST MAJESTIC SILVER CORP. Keith Neumeyer, President & CEO Cautionary Note Regarding Forward-Looking Statements This press release contains "forward-looking statements", within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of First Majestic Silver Corp. Forward-looking statements include, but are not limited to, statements with respect to the future price of silver and other metals, the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital expenditures, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, hedging practices, currency exchange rate fluctuations, requirements for additional capital, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, timing and possible outcome of pending litigation, title disputes or claims and limitations on insurance coverage. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of First Majestic Silver Corp. to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the integration of acquisitions; risks related to international operations; risks related to joint venture operations; actual results of current exploration activities; actual results of current reclamation activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of metals; possible variations in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities, as well as those factors discussed in the section entitled "Description of the Business - Risk Factors" in First Majestic Silver Corp.'s Annual Information Form for the year ended December 31, 2015, available on www.sedar.com, and Form 40-F on file with the United States Securities and Exchange Commission in Washington, D.C. Although First Majestic Silver Corp. has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. First Majestic Silver Corp. does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.





First Majestic Silver Corp.
Toll Free: 1.866.529.2807
[email protected]
www.firstmajestic.com




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First Majestic Announces Resignation of Ramon Davila From Board of Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 15, 2016) - First Majestic Silver Corp. ("First Majestic" or the "Company") (TSX:FR)(NYSE:NYSE:AG)(BVM:AG)(FRANKFURT:FMV) announces today the resignation of Mr. Ramon Davila from its Board of Directors. Mr. Davila has served as Director of the Company since 2004 and was also its Chief Operating Officer until July 2014. Mr. Davila commented: "I have made the decision to resign due to the fact that I have accepted a position as the new Minister of Economic Development for the State of Durango in Mexico. I look forward to continuing my support for the mining industry in this new senior position within the government for the benefit of both Durango and Mexico. I would like to thank the Board of Directors, management and the shareholders of First Majestic for their continuous support." Keith Neumeyer, President and CEO of First Majestic, commented: "During Ramon's tenure as an Officer and Director of the Company, First Majestic grew into the second largest primary silver producer in Mexico. I would like to thank Ramon for his dedication and hard work over the past twelve years. We also look forward to our new relationship with Ramon in this very important role. On behalf of the Company, its management and shareholders, we thank him for his diligent service and positive contributions to the Company and wish him the very best in his new position." ABOUT FIRST MAJESTIC First Majestic is a mining company focused on silver production in México and is aggressively pursuing the development of its existing mineral property assets and the pursuit through acquisition of additional mineral assets which contribute to the Company achieving its corporate growth objectives. FIRST MAJESTIC SILVER CORP. Keith Neumeyer, President & CEO SPECIAL NOTE REGARDING FORWARD-LOOKING INFORMATION This news release includes certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target", "plan", "forecast", "may", "schedule" and similar words or expressions, identify forward-looking statements or information. These forward-looking statements or information relate to, among other things: the price of silver and other metals; the accuracy of mineral reserve and resource estimates and estimates of future production and costs of production at our properties; estimated production rates for silver and other payable metals produced by us, the estimated cost of development of our development projects; the effects of laws, regulations and government policies on our operations, including, without limitation, the laws in Mexico which currently have significant restrictions related to mining; obtaining or maintaining necessary permits, licences and approvals from government authorities; and continued access to necessary infrastructure, including, without limitation, access to power, land, water and roads to carry on activities as planned. These statements reflect the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or information and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: fluctuations in the spot and forward price of silver, gold, base metals or certain other commodities (such as natural gas, fuel oil and electricity); fluctuations in the currency markets (such as the Canadian dollar and Mexican peso versus the U.S. dollar); changes in national and local government, legislation, taxation, controls, regulations and political or economic developments in Canada, Mexico; operating or technical difficulties in connection with mining or development activities; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins and flooding); risks relating to the credit worthiness or financial condition of suppliers, refiners and other parties with whom the Company does business; inability to obtain adequate insurance to cover risks and hazards; and the presence of laws and regulations that may impose restrictions on mining, including those currently enacted in Mexico; employee relations; relationships with and claims by local communities and indigenous populations; availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development, including the risks of obtaining necessary licenses, permits and approvals from government authorities; diminishing quantities or grades of mineral reserves as properties are mined; the Company's title to properties; and the factors identified under the caption "Risk Factors" in the Company's Annual Information Form, under the caption "Risks Relating to First Majestic's Business". Investors are cautioned against attributing undue certainty to forward-looking statements or information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.





First Majestic Silver Corp.
Toll free: 1.866.529.2807
[email protected]
www.firstmajestic.com




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Ratios

vs
industry
vs
history
PE Ratio 66.43
AG's PE Ratio is ranked lower than
85% of the 495 Companies
in the Global Silver industry.

( Industry Median: 17.76 vs. AG: 66.43 )
Ranked among companies with meaningful PE Ratio only.
AG' s PE Ratio Range Over the Past 10 Years
Min: 12.73  Med: 25.88 Max: 215.63
Current: 66.43
12.73
215.63
Forward PE Ratio 61.35
AG's Forward PE Ratio is ranked lower than
92% of the 168 Companies
in the Global Silver industry.

( Industry Median: 15.24 vs. AG: 61.35 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 66.43
AG's PE Ratio without NRI is ranked lower than
85% of the 496 Companies
in the Global Silver industry.

( Industry Median: 17.90 vs. AG: 66.43 )
Ranked among companies with meaningful PE Ratio without NRI only.
AG' s PE Ratio without NRI Range Over the Past 10 Years
Min: 12.73  Med: 25.88 Max: 215.63
Current: 66.43
12.73
215.63
PB Ratio 2.12
AG's PB Ratio is ranked lower than
54% of the 1379 Companies
in the Global Silver industry.

( Industry Median: 1.88 vs. AG: 2.12 )
Ranked among companies with meaningful PB Ratio only.
AG' s PB Ratio Range Over the Past 10 Years
Min: 0.41  Med: 2.03 Max: 9.43
Current: 2.12
0.41
9.43
PS Ratio 4.60
AG's PS Ratio is ranked lower than
77% of the 679 Companies
in the Global Silver industry.

( Industry Median: 1.68 vs. AG: 4.60 )
Ranked among companies with meaningful PS Ratio only.
AG' s PS Ratio Range Over the Past 10 Years
Min: 1.59  Med: 5.71 Max: 37.33
Current: 4.6
1.59
37.33
Price-to-Free-Cash-Flow 98.42
AG's Price-to-Free-Cash-Flow is ranked lower than
96% of the 237 Companies
in the Global Silver industry.

( Industry Median: 13.11 vs. AG: 98.42 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
AG' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 16.03  Med: 59.39 Max: 189.25
Current: 98.42
16.03
189.25
Price-to-Operating-Cash-Flow 34.84
AG's Price-to-Operating-Cash-Flow is ranked lower than
88% of the 386 Companies
in the Global Silver industry.

( Industry Median: 8.38 vs. AG: 34.84 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
AG' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 4.66  Med: 15.41 Max: 247.27
Current: 34.84
4.66
247.27
EV-to-EBIT 60.94
AG's EV-to-EBIT is ranked lower than
88% of the 506 Companies
in the Global Silver industry.

( Industry Median: 15.41 vs. AG: 60.94 )
Ranked among companies with meaningful EV-to-EBIT only.
AG' s EV-to-EBIT Range Over the Past 10 Years
Min: -6621.1  Med: 11 Max: 178.2
Current: 60.94
-6621.1
178.2
EV-to-EBITDA 20.37
AG's EV-to-EBITDA is ranked lower than
71% of the 550 Companies
in the Global Silver industry.

( Industry Median: 10.25 vs. AG: 20.37 )
Ranked among companies with meaningful EV-to-EBITDA only.
AG' s EV-to-EBITDA Range Over the Past 10 Years
Min: -565  Med: 12.7 Max: 406.7
Current: 20.37
-565
406.7
Current Ratio 3.64
AG's Current Ratio is ranked higher than
64% of the 1545 Companies
in the Global Silver industry.

( Industry Median: 2.08 vs. AG: 3.64 )
Ranked among companies with meaningful Current Ratio only.
AG' s Current Ratio Range Over the Past 10 Years
Min: 0.17  Med: 2.23 Max: 61
Current: 3.64
0.17
61
Quick Ratio 3.23
AG's Quick Ratio is ranked higher than
66% of the 1545 Companies
in the Global Silver industry.

( Industry Median: 1.69 vs. AG: 3.23 )
Ranked among companies with meaningful Quick Ratio only.
AG' s Quick Ratio Range Over the Past 10 Years
Min: 0.17  Med: 1.87 Max: 61
Current: 3.23
0.17
61
Days Inventory 24.62
AG's Days Inventory is ranked higher than
87% of the 622 Companies
in the Global Silver industry.

( Industry Median: 75.31 vs. AG: 24.62 )
Ranked among companies with meaningful Days Inventory only.
AG' s Days Inventory Range Over the Past 10 Years
Min: 24.62  Med: 43.17 Max: 88.8
Current: 24.62
24.62
88.8
Days Sales Outstanding 8.36
AG's Days Sales Outstanding is ranked higher than
81% of the 604 Companies
in the Global Silver industry.

( Industry Median: 34.14 vs. AG: 8.36 )
Ranked among companies with meaningful Days Sales Outstanding only.
AG' s Days Sales Outstanding Range Over the Past 10 Years
Min: 5.4  Med: 9.56 Max: 28.61
Current: 8.36
5.4
28.61
Days Payable 15.76
AG's Days Payable is ranked lower than
82% of the 468 Companies
in the Global Silver industry.

( Industry Median: 47.28 vs. AG: 15.76 )
Ranked among companies with meaningful Days Payable only.
AG' s Days Payable Range Over the Past 10 Years
Min: 15.76  Med: 49.01 Max: 95.32
Current: 15.76
15.76
95.32

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -12.00
AG's 3-Year Average Share Buyback Ratio is ranked higher than
54% of the 1160 Companies
in the Global Silver industry.

( Industry Median: -15.00 vs. AG: -12.00 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
AG' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -83.7  Med: -18.9 Max: -3.8
Current: -12
-83.7
-3.8

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 2.11
AG's Price-to-Tangible-Book is ranked lower than
51% of the 1340 Companies
in the Global Silver industry.

( Industry Median: 2.06 vs. AG: 2.11 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
AG' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.94  Med: 2.05 Max: 12.82
Current: 2.11
0.94
12.82
Price-to-Intrinsic-Value-Projected-FCF 2.70
AG's Price-to-Intrinsic-Value-Projected-FCF is ranked lower than
61% of the 383 Companies
in the Global Silver industry.

( Industry Median: 1.84 vs. AG: 2.70 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
AG' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 1.33  Med: 3.58 Max: 11.69
Current: 2.7
1.33
11.69
Price-to-Median-PS-Value 0.80
AG's Price-to-Median-PS-Value is ranked higher than
64% of the 601 Companies
in the Global Silver industry.

( Industry Median: 0.95 vs. AG: 0.80 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
AG' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.36  Med: 1.1 Max: 7.83
Current: 0.8
0.36
7.83
Price-to-Graham-Number 3.94
AG's Price-to-Graham-Number is ranked lower than
87% of the 443 Companies
in the Global Silver industry.

( Industry Median: 1.30 vs. AG: 3.94 )
Ranked among companies with meaningful Price-to-Graham-Number only.
AG' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.98  Med: 2.2 Max: 4.03
Current: 3.94
1.98
4.03
Earnings Yield (Greenblatt) % 1.64
AG's Earnings Yield (Greenblatt) % is ranked higher than
72% of the 1566 Companies
in the Global Silver industry.

( Industry Median: -4.19 vs. AG: 1.64 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
AG' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -28.6  Med: 1.1 Max: 10.6
Current: 1.64
-28.6
10.6
Forward Rate of Return (Yacktman) % 51.71
AG's Forward Rate of Return (Yacktman) % is ranked higher than
94% of the 330 Companies
in the Global Silver industry.

( Industry Median: -0.83 vs. AG: 51.71 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
AG' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -41.5  Med: -2.3 Max: 97.3
Current: 51.71
-41.5
97.3

More Statistics

Revenue (TTM) (Mil) $280.67
EPS (TTM) $ 0.12
Beta0.69
Short Percentage of Float0.00%
52-Week Range $6.62 - 19.15
Shares Outstanding (Mil)165.07

Analyst Estimate

Dec17 Dec18 Dec19
Revenue (Mil $) 295 374 407
EPS ($) 0.12 0.27 0.41
EPS without NRI ($) 0.12 0.27 0.41
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($)
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